Lencae: what changed
What changed
Lencae
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€85,539
2024 · €59,536+€26,003
Equity
€181,964
2024 · €250,675-€68,711
Cash
€8,552
2024 · €21,206-€12,654
Balance sheet total
€473,831
2024 · €478,746-€4,915
Largest movements
Assets
- Cash -€12,654
down €12,654 (-59.7%), from €21,206 to €8,552
mainly Contributions, distributions and other (-€154,250) and Debts after one year (-€12,100)
Equity and liabilities
- Reserves -€69,250
down €69,250 (-28.7%), from €241,575 to €172,325
of which Distributable reserves: -€69,250
- Trade debts +€37,162
up €37,162 (+890%), from €4,174 to €41,336
- Tax, wage and social debts +€22,610
up €22,610 (+61.2%), from €36,948 to €59,558
- Other debts +€12,677
up €12,677 (+16.4%), from €77,106 to €89,784
- Debts after one year -€12,100
down €12,100 (-11.7%), from €103,828 to €91,729
Income statement
- Gross operating margin +€44,014
up €44,014 (+51.7%), from €85,155 to €129,169
- Taxes +€14,010
up €14,010 (+56.6%), from €24,748 to €38,758
- Financial charges +€2,263
up €2,263 (+473%), from €479 to €2,742
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€59,536
Gross operating margin
+€44,014
Depreciation
-€830
Other operating charges
-€1,227
Financial income
+€318
Financial charges
-€2,263
Taxes
-€14,010
Result 2025
€85,539
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€160,908
Investment
-€10,659
Financing
-€162,903
Cash 2024
€21,206
From operations (derived)
+€160,908
Net result for the year
+€85,539
Depreciation
+€2,251
Receivables within one year
+€4
Deferred charges and accrued income
+€665
Trade debts
+€37,162
Tax, wage and social debts
+€22,610
Other debts
+€12,677
Investment (derived)
-€10,659
Investment in fixed assets (net)
-€6,759
Current investments
-€3,900
Financing
-€162,903
Debts after one year
-€12,100
Current portion of long-term debt
+€3,086
Short-term financial debts
+€360
Contributions, distributions and other
-€154,250
Cash 2025
€8,552
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €478,746 | €473,831 | -€4,915 | -1.0% |
| Fixed assets | 21/28 | €273,596 | €278,103 | +€4,508 | +1.6% |
| Tangible fixed assets | 22/27 | €272,596 | €275,853 | +€3,258 | +1.2% |
| Land and buildings | 22 | €265,126 | €264,838 | -€288 | -0.1% |
| Plant, machinery and equipment | 23 | €3,201 | €2,788 | -€412 | -12.9% |
| Furniture and vehicles | 24 | €3,005 | €3,207 | +€202 | +6.7% |
| Other tangible fixed assets | 26 | €1,264 | €5,021 | +€3,757 | +297% |
| Financial fixed assets | 28 | €1,000 | €2,250 | +€1,250 | +125% |
| Current assets | 29/58 | €205,150 | €195,727 | -€9,423 | -4.6% |
| Amounts receivable within one year | 40/41 | €140,675 | €140,671 | -€4 | 0.0% |
| Trade receivables | 40 | €69,000 | €92,301 | +€23,301 | +33.8% |
| Other amounts receivable | 41 | €71,675 | €48,369 | -€23,306 | -32.5% |
| Current investments | 50/53 | €42,604 | €46,504 | +€3,900 | +9.2% |
| Cash at bank and in hand | 54/58 | €21,206 | €8,552 | -€12,654 | -59.7% |
| Deferred charges and accrued income | 490/1 | €665 | €0 | -€665 | -100% |
| Total equity and liabilities | 10/49 | €478,746 | €473,831 | -€4,915 | -1.0% |
| Equity | 10/15 | €250,675 | €181,964 | -€68,711 | -27.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €241,575 | €172,325 | -€69,250 | -28.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,470 | €2,470 | = | 0.0% |
| Distributable reserves | 133 | €237,250 | €168,000 | -€69,250 | -29.2% |
| Profit (loss) carried forward | 14 | €2,900 | €3,439 | +€539 | +18.6% |
| Amounts payable | 17/49 | €228,070 | €291,866 | +€63,796 | +28.0% |
| Amounts payable after more than one year | 17 | €103,828 | €91,729 | -€12,100 | -11.7% |
| Financial debts | 170/4 | €103,828 | €91,729 | -€12,100 | -11.7% |
| Amounts payable within one year | 42/48 | €124,242 | €200,138 | +€75,896 | +61.1% |
| Current portion of amounts payable after more than one year | 42 | €6,014 | €9,100 | +€3,086 | +51.3% |
| Financial debts | 43 | €0 | €360 | +€360 | |
| Credit institutions | 430/8 | €0 | €360 | +€360 | |
| Trade debts | 44 | €4,174 | €41,336 | +€37,162 | +890% |
| Suppliers | 440/4 | €4,174 | €41,336 | +€37,162 | +890% |
| Taxes, remuneration and social security | 45 | €36,948 | €59,558 | +€22,610 | +61.2% |
| Taxes | 450/3 | €36,948 | €59,558 | +€22,610 | +61.2% |
| Other amounts payable | 47/48 | €77,106 | €89,784 | +€12,677 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,421 | €2,251 | +€830 | +58.4% |
| Other operating charges | 640/8 | €258 | €1,485 | +€1,227 | +476% |
| Gross operating margin | 9900 | €85,155 | €129,169 | +€44,014 | +51.7% |
| Operating profit (loss) | 9901 | €83,476 | €125,434 | +€41,958 | +50.3% |
| Financial income | 75/76B | €1,287 | €1,605 | +€318 | +24.7% |
| Recurring financial income | 75 | €1,287 | €1,605 | +€318 | +24.7% |
| Financial charges | 65/66B | €479 | €2,742 | +€2,263 | +473% |
| Recurring financial charges | 65 | €479 | €2,742 | +€2,263 | +473% |
| Profit (loss) for the period before taxes | 9903 | €84,284 | €124,297 | +€40,013 | +47.5% |
| Income taxes | 67/77 | €24,748 | €38,758 | +€14,010 | +56.6% |
| Profit (loss) for the period | 9904 | €59,536 | €85,539 | +€26,003 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,536 | €85,539 | +€26,003 | +43.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.